Mike:
You mentioned the 'edge'.
Coinage issuers have long realized that placing an intricate, difficult-to-replicate pattern around the rim of a coin helps prevent the two scourges of trustworthy coinage: clipping and counterfeiting. Summarized below are the various edges you might find on coins.
A Decorated Edge is similar to an inscribed edge, but patterns and symbols instead of letters are used. This term could be applied to the circles-and-rectangles pattern applied to your Spanish "portrait" dollar, and to the recurring stars seen on many of the 2 euro coins.
A Plain Edge has no marking of any kind on the edge, applied with a simple, flat collar die. In modern times, almost without exception, only base-metal coins had this kind of edge. US cents and 5 cents have plain edges.
A Grooved Edge is plain, but has a deep score or groove halfway across, all the way around the rim. The initial reaction of someone seeing such a coin for the first time is "it looks like two coins glued together". The 2 eurocent is an excellent example of this feature.
A Reeded Edge has fine serrations like a file, all the way around the rim. Normally the reeding is vertical, but some early experiments had slanted reeding. Most modern silver and gold coins world-wide, and most of their cupronickel successors, have this kind of edge, also popularly known as a milled edge or filed edge.
A Security Edge is a combination of grooved and reeded edge; often the furrow of the groove is decorated with a pattern (dots, lettering or some such) to make it even harder to duplicate. But the high cost of applying has largely rendered this kind of edge obsolete.
An Inscribed Edge has text around the rim. On older coins (like Maria Theresa thalers, US gold coins and British crowns), this text was placed on the collar die. Modern versions (like the USA Presidential Dollars) tend to use a second stage in the minting process to add the edge inscriptions.
An Interrupted Reeded Edge has alternating sections of reeded and plain edge. The 1 euro and Australian $1 circulating coins are classic examples of interrupted reeding.
An Indented Edge is a plain or milled edge with several indents or notches regularly spaced around it. This type of edge has recently come into fashion; the 20 eurocent and new New Zealand 20¢ coin have this kind of edge, also known as "Spanish flower".
A Herringbone Edge is a specific kind of decorated edge, and resembles an early attempt at reeding; the pattern on the rim forms a series resembling interconnected arrows, or a "fish-bone" pattern. The Spanish "pillar dollar" of the early 1700's is a classic example of this kind of edge.
A Serrated Edge is the term usually applied to ancient Greek and Roman coins with v-shaped notches painstakingly carved into the coin at regular intervals. Apparently a very crude attempt at applying something resembling a reeded or security edge.
I give credit to the Moderator of Coin Community.com Forum who gave this (almost verbatim) response about two years ago on his website. I have found these terms come in handy when describing that portion of a coin.
Don.......